House sales boom - K100

House sales boom

September 30, 2016

House sales boom

The housing market in Saint John is booming.

Sales hit near record levels last month with 256 units were sold worth $42.4 million. The Telegraph-Journal reports that was more than 12% higher than the houses sold in July…and more than 50% higher than August last year.

Factors for the good numbers, according to the Saint John Real Estate Board, are continuing low mortgage rates and a better initial price when homes are put on the market.